I normally don have to file a tax return but have enough in qualifying income to receive a stimulus payment. How do I find out more about how to file a tax return?
More information is available in Fact Sheet 2008-17. If you qualify, all you need to do is fill out Form 1040A in a few places. A sample version of Form 1040A [.pdf*] illustrates which lines to fill out. [ CLICK HERE for information about FREE tax preparation sites in Albany County. ] Q. I want to estimate my payment. Please explain how it is figured. A. Essentially, there are two parts to the stimulus payment: a basic amount based on tax liability, filing status or other qualifying factors if there is no tax liability and an additional amount based on whether a qualifying child is reported on the return. Basic Amount of Payment: Taxpayers who had a net income tax liability will receive a payment, unless they can be claimed as dependents on someone else’s return, are high-income individuals or do not have a valid Social Security Number. The payment is equal to the taxpayer’s net income tax liability, but no more than $600 for a single person or $1,200 for a married couple filing a join
Related Questions
- I normally don have to file a tax return but have enough in qualifying income to receive a stimulus payment. How do I find out more about how to file a tax return?
- If I only receive Social Security benefits and don’t have to file a tax return, will I receive a stimulus payment?
- Are you trying to file a tax return SOLELY to claim your Economic Stimulus Payment?
